- Mount Vernon Street Lot F
Newport City, Vermont 05855, United States

Newport City, Vermont 05855, United States
Listed By CENTURY 21 Farm & Forest

The Commercial for Sale located at - Mount Vernon Street Lot F Newport City Vermont 05855 is currently for Sale, - Mount Vernon Street Lot F Newport City Vermont 05855 is listed for $699,000. If the property located at - Mount Vernon Street Lot F Newport City Vermont 05855 isn't what you're looking for, search Vermont Real Estate to see other Commercial for Sale in Newport City .

MLS#: 4958533

$699,000 USD

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Date Updated: Nov 21, 2024

Description

This 41-acre parcel of land, strategically positioned at the confluence of Derby (13.2 acres) and Newport (27.6 acres), enjoys proximity to key landmarks such as the I-91 access road, Newport Country Club, Pine Hill Road, and Mt. Vernon St. While currently designated for commercial use, there exists a promising potential for residential development, contingent upon rezoning. The untouched terrain presents an opportunity for an expansive upscale dwelling, offering panoramic vistas of Lake Memphremagog, Jay Peak, Willoughby Gap, and downtown Newport. Proposed blueprints outline the feasibility of a 7-lot commercial subdivision or a 13-lot residential division with access to essential water and sewer amenities. Furthermore, being within the Foreign Trade Zone could translate to reduced import expenditures for enterprises, along with the prospect of qualifying for New Market Tax Credits. This property warrants a personal inspection, with the additional detail that two (2) stakeholders are licensed Vermont Real Estate Brokers.

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Location

- Mount Vernon Street Lot F, Newport City, Vermont 05855, United States
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